XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

Stockholders' Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Equity [Abstract] |
Schedule of Key Assumptions used to Determine Fair Value of Options Granted | The assumptions used in determining the fair value of stock options granted were as follows:
| Three Months Ended March 31,
| 2025 |  | 2024 |  |
Volatility | 76.2 | % |  | 84.2 | % |  |
Risk-free interest rate | 4.18 | % |  | 4.07 | % |  |
Expected life (years) | 6.19 |  | 6.21 |  |
Dividend yield rate | — | % |  | — | % |  |
Schedule of Stock Options Activity | A summary of stock option activity for the three months ended March 31, 2025, is presented below:
|  |  |  |  | Weighted |  |  |
|  |  | Weighted |  | Average |  |  |
|  |  | Average |  | Remaining |  | Aggregate |
| Stock |  | Exercise |  | Contractual |  | Intrinsic |
| Options |  | Per Share |  | Terms (Years) |  | Value |
Outstanding as of December 31, 2024 | 6,151,069 |  |  | $ | 10.29 |  |  | 6.16 |  | $ | 10,691 |  |
Granted | 891,477 |  |  | 13.57 |  |  |  |  |  |
Exercised | (96,658) |  |  | 7.60 |  |  |  |  |  |
Cancelled/forfeited | (56,841) |  |  | 12.46 |  |  |  |  |  |
Outstanding as of March 31, 2025 | 6,889,047 |  |  | $ | 10.73 |  |  | 6.41 |  | $ | 14,618 |  |
Vested and expected to vest at March 31, 2025 | 6,889,047 |  |  | $ | 10.73 |  |  | 6.41 |  | $ | 14,618 |  |
Exercisable as of March 31, 2025 | 4,180,826 |  |  | $ | 10.02 |  |  | 4.88 |  | $ | 11,729 |  |
Schedule of RSUs Activity | A summary of RSU activity for the three months ended March 31, 2025, is presented below:
|  |  | Weighted Average
|  |  | Grant Date
| Restricted |  | Fair Value
| Stock Units |  | Per Share
Outstanding as of December 31, 2024 | 3,378,867 |  |  | $ | 10.80
Granted | 886,713 |  |  | 13.42
Vested | (854,614) |  |  | 9.67
Forfeited | (69,795) |  |  | 11.18
Outstanding as of March 31, 2025 | 3,341,171 |  |  | $ | 11.78
A summary of PRSU activity for the three months ended March 31, 2025, is presented below:
| Performance |  | Weighted
| Restricted |  | Average
| Stock |  | Grant Date
| Units |  | Fair Value
Outstanding as of December 31, 2024 | 395,984 |  |  | $ | 12.12 |
Granted | 353,663 |  |  | 13.58 |
Outstanding as of March 31, 2025 | 749,647 |  |  | $ | 12.81 |
Schedule of Stock-based Compensation Expense | The following table summarizes stock-based compensation expense:
| Three Months Ended March 31,
| 2025 |  | 2024 |  |
Selling, general and administrative | $ | 5,749 |  |  | $ | 4,863 |  |  |
Research and development | 179 |  |  | 216 |  |  |
Total stock-based compensation expense | $ | 5,928 |  |  | $ | 5,079 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration